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- Shareholders' Meeting - ABAS Software AG
Shareholders' Meeting - ABAS Software AG
Shareholders' equity of ERP and eBusiness provider has increased
Karlsruhe, 23.06.10 - On June 17, 2010 chairman of
the supervisory board, Thomas Frank, and CEO, Werner Strub, reported about the
business development of ABAS Software AG at the annual shareholders' meeting.
Making profits in 2009

From right to left: Werner Strub, CEO ABAS
Software AG, Thomas Frank, Chairman of the
Supervisory Board ABAS Software AG, Peter
Walser, CTO ABAS Software AG and Attorney
Tina Neff, from the office Caemmerer Lenz
Karlsruhe
2009 has been affected by recession and a reluctance to invest.
Despite
a decrease in turnover of 7.5%, ABAS has managed to remain in positive
figures
for the sixteenth year in a row. The overall performance of the
Karlsruhe
software manufacturer was kEUR 10,136 in 2009. The result from ordinary
business activities was kEUR 443. The equity capital could be increased
by 4.6%
to kEUR 4,771. The equity capital amounts to a lofty 81% of the balance
sheet
total. On the basis of excellent liquidity, ABAS is financially
independent and
finances itself using its own resources. Confidence in the CEO and the
supervisory board was unanimously confirmed in the shareholders' meeting
for
2009. The annual shareholders' meeting approved payment of a dividend as
follows: 8% on common shares and 12% on preferred shares.
30 Years of ABAS – 30 Years of Evolution
In 2010 ABAS is celebrating its 30th anniversary. CEO Werner Strub illustrates, "In a year of crisis the solid equity capital base has provided us with a lot of security. We have an excellent starting point to further expand worldwide. Our policies are independence, longevity, economic stability and proximity to customers. Our technological and evolutionary further development of abas Business Software, which easily and flexibly adapts to company-specific requirements while remaining upgradeable, is unique in the ERP market and has an invaluable benefit for users."pr@abas-software.com (Press and Public Relations)
Phone: +49 (0) 721 96 72 30; Fax: +49 (0) 721 96 72 31 00
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